As Canada’s population continues to grow rapidly due to immigration, newcomers face significant financial challenges, from establishing credit to understanding the banking system. Vancouver-headquartered Laviva and Toronto-based Khrystyna, both immigrants themselves, highlight the struggles many face, including the inability to transfer credit history and access financial products.
Innovative fintech solutions, such as Passage and Nova Credit, are emerging to bridge these gaps, offering pre- and post-immigration services to help immigrants thrive. These solutions are reshaping Canada’s financial landscape, ensuring economic opportunities are accessible to everyone. Luge Capital sees this sector as a promising investment for a more inclusive financial future.
Want to know more? Check out the source code on Fintech.ca.